ETHICAL FOOD COMPANY LIMITED
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Cash
£2.9M
-9.1% vs 2024
Net assets
£7.2M
+8.5% highest in 6 filed years
Employees
32
-3% vs 2024
Profit before tax
£770K
-5.9% vs 2024
Net assets
6-year trend · vs Consumer Staples median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £38,341,917 | £43,537,221 | £41,630,666 | £40,365,020 | £43,511,941 | £51,042,655 | +17.3% | |
| Operating profit | £1,457,073 | £1,142,966 | £712,300 | £503,873 | £740,502 | £637,478 | -13.9% | |
| Profit before tax | £1,463,284 | £1,152,233 | £733,868 | £541,364 | £817,827 | £769,713 | -5.9% | |
| Net profit | £1,158,531 | £901,955 | £633,608 | £336,795 | £581,508 | £562,401 | -3.3% | |
| Cash | £4,167,238 | £3,327,730 | £2,412,211 | £1,732,712 | £3,210,296 | £2,919,151 | -9.1% | |
| Total assets less current liabilities | £4,187,911 | £5,089,866 | £5,723,474 | £6,060,269 | £6,641,777 | £7,204,178 | +8.5% | |
| Net assets | £4,183,168 | £5,085,123 | £5,718,731 | £6,055,526 | £6,637,034 | £7,199,435 | +8.5% | |
| Equity | £4,183,168 | £5,085,123 | £5,718,731 | £6,055,526 | £6,637,034 | £7,199,435 | +8.5% | |
| Average employees | 24 | 27 | 32 | 31 | 33 | 32 | -3% | |
| Wages | £1,812,109 | £2,446,728 | £2,008,244 | £2,855,991 | £2,800,474 | £3,306,849 | +18.1% | |
| Directors' remuneration | £314,714 | £574,988 | £230,615 | £594,128 | £463,588 | £517,580 | +11.6% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|---|---|---|
| Operating margin | 3.8% | 2.6% | 1.7% | 1.2% | 1.7% | 1.2% | |
| Net margin | 3.0% | 2.1% | 1.5% | 0.8% | 1.3% | 1.1% | |
| Return on capital employed | 34.8% | 22.5% | 12.4% | 8.3% | 11.1% | 8.8% | |
| Gearing (liabilities / total assets) | — | — | — | 47.0% | 53.0% | — | |
| Current ratio | — | — | — | 2.01x | 1.81x | 1.82x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- ETHICAL FOOD COMPANY LIMITED 2021-10-18 → present
- THE ETHICAL FOOD COMPANY LIMITED 2021-10-18 → 2021-10-18
- ETHICAL FRUIT COMPANY LIMITED 2009-04-21 → 2021-10-18
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Old Mill Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- ETHICAL FOOD COMPANY LIMITED · parent
- Ethical Fruit Company Limited
- Organics Farm Foods Limited
Significant events
- “2025 marked the fifth year of our Operating Ethically Plan, reinforcing our commitment to maximising positive impact while minimising our environmental footprint. During the year, we achieved a major milestone by exceeding our target to halve food waste, five years ahead of schedule.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FARSHCHI-HEIDARI, Daryush | Director | 2025-09-24 | May 1980 | British |
| FRANCIS, Scott Michael Starbuck | Director | 2024-04-22 | Apr 1983 | British |
| HUNT, Hazel | Director | 2011-01-18 | Aug 1976 | British |
| ORGANIC GROWERS LIMITED | Corporate Director | 2019-02-18 | — | — |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BANTON, Colin | Secretary | 2009-05-20 | 2016-05-17 |
| BANTON, Colin | Director | 2009-05-20 | 2016-05-17 |
| FINDING, Rebecca Jayne | Director | 2009-04-21 | 2009-05-20 |
| KINDERSLEY, Peter David | Director | 2009-05-20 | 2011-01-18 |
| SANDS, Karen | Director | 2024-04-22 | 2026-01-31 |
| SPENCER, John | Director | 2011-09-05 | 2020-01-31 |
| WAKELEY, Adam John Paul | Director | 2009-05-20 | 2019-01-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Organic Growers Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-01-31 | Active |
| Ms Hazel Hunt | Individual | Significant influence | 2019-01-31 | Active |
| Mr Adam John Paul Wakeley | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-04-06 | Ceased 2019-01-31 |
| Melanie Wakeley | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2017-11-03 |
Filing timeline
Last 20 of 126 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-01-13 MA Memorandum articles
- 2023-01-13 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-27 | AA | accounts | Accounts with accounts type full | |
| 2026-05-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-24 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-26 | AA | accounts | Accounts with accounts type full | |
| 2025-05-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-16 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-06-28 | AA | accounts | Accounts with accounts type full | |
| 2024-04-24 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-24 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-30 | AA | accounts | Accounts with accounts type full | |
| 2023-05-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-13 | MA | incorporation | Memorandum articles | |
| 2023-01-13 | RESOLUTIONS | resolution | Resolution | |
| 2022-07-01 | AA | accounts | Accounts with accounts type full | |
| 2022-04-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-20 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2022-01-20 | CH01 | officers | Change person director company with change date | |
| 2022-01-19 | CH02 | officers | Change corporate director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.